Hi Trading_Jazz! Really great analysis. Let me ask you a question... When you say 38.2% to 61.8% XA you mean that the price cannot tauch the 61.8% or cannot close beyond the 68.8%?
Thanks!
Andre_Cardoso
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Nice question ;) the correct way is the closing price, however, since this patterns are synced with elliot waves, we are looking for "zones" where the price tends to revert, sup&res levels, there's situations where you can find an entry signal above or below those ratios, like and rsi divergence that you were not able to find when completed the pattern. I Always look left ;) search for previous structure. If you have a pattern to complete 10 pips below a resistance, why not to go test it and sell it there ;)
Thanks!